There seems to be a strong desire to embrace and maintain the ethnic/cultural character of this neighborhood and precluding predicted gentrification in the area with the development of the MetroHealth complex. 

@Tom S.Thank you for the great advice, I will definitely make sure the inspectors check against the code book, its a duplex listed at 69k currently but foreclosure company seems eager to be rid of it, so the price should be fairly flexible.

However, the outline below is fairly standard across most business plans.Executive Summary (Objective, mission, keys to success, etc.)Company Summary (Goals, operations, ownership & personnel experience, etc.)Market Analysis & Strategy (Approach for finding deals, investment strategy, etc.)Financial Plan (Startup costs, leverage, reserves, etc.)Exit Strategy (Timeline or milestones for exiting or refinancing investments)

From what I remember they seemed to be a fairly small outfit out of PA. 

Just make sure you maintain a financial cushion for emergencies.

In the end, I felt I offered a fair resolution but left with a sour guest who might leave a bad review.

Having them each inherit a duplex is a powerful way to set them up for financial success while maintaining cash flow for your future retirement.Overall, your plan is ambitious but entirely achievable.

You're def right that a wrap or AITD can offer more protection to the seller than a subject-to deal, especially in terms of maintaining control over the mortgage.

Tangentially, there are a fair amount of former STRs now being sold around town in part because of the regs and also saturation.  

Based on my market knowledge, 350k for a new constructions with close to 3k in rent seems like a fairly solid deal for the area.